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20110701
20110731
Search Results 0 to 5 of about 6 (some duplicates have been removed)
with tax cry says, they're using a huge chunk of change to fund the war in afghanistan. that bill is almost 1$118 billion. that's for base security, reconstruction, foreign aid and other related expenses. manis manisha. >> is all that taxpayer money really going where it's supposed to go? a source with knowledge of that tells cnn they've uncovered a scandal. part of it was diverted into the hands of afghan power brokers and also into the hands of -- get this -- itself. what's the story? >> well, this is coming from an internal document that has yet to be released. effectively what it's saying is rufrly three quarters of the cost allocated to eight companies here in afghanistan, trucking companies, has been miss appropriated in some ways. there seems to be a sears of contracts and subcontracts in which the money had been funneled down into different groups and in some cases ended up in the hands of the taliban. the question is how could something like this happen? well, it seems pretty clear that keeping track of subcontractor dollars even in washington is difficult. in afghanistan, however,
of the bush tax cuts. a lot of the rest is because of the unfunded wars in iraq and afghanistan, started in the bush term which the first wars in american history that they didn't raise taxes to pay for. >> and in fairness, a lot of it is because of our economy has taken a tremendous nose dive. >> that's right. the economy has taken a nose dive. not because of any great spending splurge by the obama administration which didn't occur. >> so if you don't see a clear path forward right now, you have been there a while. you know how this sort of stuff works. how do we fashion such a path? >> the only way to fashion such a path -- let me say one thing. you have to understand how bad the boehner plan or anything they are insisting on is. i've seen too much commentary saying boehner and reid aren't that far apart, which is nonsense. the second half of getting the debt ceiling raised is dependent on a second $1.6 trillion spending cut, almost entirely from entitlements, you will have already eviscerated the direct spending part. you have to make draconian cuts in medicare, medicaid, and democrat
wars, one in iraq and one in afghanistan and keep in mind, this, of course, was post-9/11. nothing, though, compares to the bush tax cuts have had on the federal budget. how does this compare to barack obama? well, we're looking at projected spending here from 2009 all the way to 2017. there is president obama's health care package, obama care, $152 billion there. discretion nair extendy tear, stimulus tax cuts, just over $425 billion and barack obama had his own stimulus package, just over $700 billion. let's look at the two grand totals here. president bush, a grand total of over $5 billion, president obama about $1.5 trillion. what this says is, yes, both presidents spent a lot of money over a long period of time but this crisis has been years in the making. >> that's one of the criticisms that many on washington have been receiving. we saw this coming. >> now it's time for a spot of weather and it's not looking like a great weekend for us in asia. in fact, if winds were howling around our building. i believe it has a lot do with the tropical storm system that's passing by here
Search Results 0 to 5 of about 6 (some duplicates have been removed)